This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The piperidinyl moiety can enhance the compound's interaction with biological targets, potentially contributing to its use in drug discovery and development. Additionally, its structural features may allow for applications in materials science, such as the creation of advanced polymers or sensors.